Real Estate

Condominium Rights in the Face of the Sharing Economy Model

Condominium Rights in the Face of the Sharing Economy Model

  An Analysis of the Legal Rights of Airbnb Lessors of Condominium Units In recent years, many high-rise condominiums have been in major cities in the Philippines. Despite concerns about an oversupply of units, many analysts expect the Philippine real estate market to be profitable for the years to come.[i] What cannot be denied is that many condominiums are not used by their owners as their primary dwellings. They are, for the most part, investment vehicles earning revenue primarily through long-term leases. The rise of the sharing economy[ii] and the advent of sites like Airbnb have changed that. Airbnb was […]

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